Amendment sought to delete language which required the Secretary of Transportation to disapprove a proposed airline stock acquisition if the intent of the buyer was to make a major reduction in the size of the airline by disposing of aviation-related assets.

Ask AI
Amendment Number
298
Description
Amendment sought to delete language which required the Secretary of Transportation to disapprove a proposed airline stock acquisition if the intent of the buyer was to make a major reduction in the size of the airline by disposing of aviation-related assets.
Purpose
An amendment to eliminate as criteria under which the Transportation Department would disapprove a proposed airline stock acquisition, the finding that the probable intent of the acquiring party is to make a major reduction in the size of the airline by disposing of aviation-related assets.
Congress
101
Type
HAMDT
Latest Action Date
Nov 1, 1989
Latest Action Text
On agreeing to the Packard amendment (A004) Failed by recorded vote: 107 - 306 (Roll no. 326).
Latest Action Time
16:33:38
Submitted Date
Nov 1, 1989
Chamber
House of Representatives
Update Date
Jul 1, 2021
Amendment 298 — Informed